Global School Furniture Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global School Furniture Market Overview:
“The global School Furniture Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Over time, the classroom has evolved into a dynamic learning environment from a static physical space. With it, so has the furniture that populates these classrooms. The growing trend for ergonomically designed furniture meant for comfortable seating has promoted a demand for adaptable school furniture.
Unlike traditional school furniture, various raw materials that are durable, sustainable, and stable are presently being used in the manufacture of classroom or school furniture. Manufacturers now use materials like processed or engineered wood, molded plastic, and high-pressure laminates to build benches, chairs, and tables for these educational institutions.
There has also been an increasing requirement for chairs and multi-function tables to be used in laboratories, libraries, and classrooms among other areas.
The global school furniture market was valued at over US$ XX billion in 2018. The right to basic education offered by various governments from around the world and an increased focus by the educational sectors in rural and urban areas is slated to positively affect the growth of the global school furniture market.
Another factor that is expected to drive the growth of this market is the demand for flexible furniture that can be accommodated in evolving space configurations and that can combat a rising number of posture-related problems in children.
An increase in the number of schools being constructed, especially in emerging economies is slated to give the global school furniture market a significant boost. According to a study carried out by the Royal Melbourne Institute of Technology, the number of students enrolled in higher education was 216 million in 2016 and this number is expected to increase to 380 million by 2030.
The enrollment of students in emerging economies like India, China, and Saudi Arabia is expected to increase, making the Asia Pacific and the Middle East regions highly lucrative markets for the school furniture industry.
Another factor that is leading to additional reinforcement in consumer confidence is the introduction and enforcement of safety & quality regulations by bodies like the British Engineering Standards Association (BESA), etc. These bodies monitor whether the furniture manufactured is properly shaped, developed and sized to prevent long-term damage to a child’s posture.
With respect to the application segmentation of the market, the seating category dominated the global school furniture market share in 2018. Due to a shortage in classroom area space, the storage unit segment is expected to index a high CAGR over the forecast period.
On the basis of application, the classroom segment accounted for the largest revenue share of the global school furniture market in 2018. The lab application and library segments will also exhibit a strong level of growth over the forecasted period.
North America dominated the global school furniture market share in 2018. The Asia Pacific region is expected to index the fastest CAGR in the foreseeable future owing to an increase in private education facilities and growing disposable incomes.
Global School Furniture Market Segmentation:
Global School Furniture Market Segmentation, by product:
- Seating furniture
- Storage units
- Lab furniture
Global School Furniture Market Segmentation, by application:
- Library & Labs
Global School Furniture Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
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